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Value Added Tax: Certain Features of Its Administration in Ukraine

Nataliya Gres ()
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Nataliya Gres: State Higher Education Institution 'National Mining University', Dnipro, Ukraine

Accounting and Finance, 2017, issue 4, 98-106

Abstract: The purpose of the article is to study the fiscal function of the value-added tax and determine and solve modern problems of its administration in Ukraine. Based on the analysis of scientific publications on the subject, the genesis of the legal grounds for the existence of a value-added tax was disclosed and the evolution of its naming unit in terminological lexis was considered. Dynamics of value added tax refund has been determined. Horizontal analysis of state budget execution has been applied to prove that VAT provides almost half of its taxation revenues; about quarter of the tax is refunded for its payers by means of monetary assets from the budget. Content analysis of taxation legislation has made it possible to define that there is no official formulation of such concepts as 'newly established value' and 'added value'. It has been proved that the naming unit of the tax does not correspond to its economic growth. Each stage of goods flow from its producer to end user involves the fact that actual expenditures for labour payment of economic agents are subject to double taxation as they belong to the base of unified social taxation as well as to the base of vaue-added taxation. Need for the development of scientifically substatntiated taxation system in Ukraine has been proved.

Keywords: added value; budget revenues; classification code of budget revenues; value added tax; double taxation; taxation system (search for similar items in EconPapers)
JEL-codes: H21 H71 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:iaf:journl:y:2017:i:4:p:98-106